WebJun 22, 2024 · Sating that the farm sector has been "short-changed under the new GST rules" in terms of components and spares of tractors, TMA said GST rate on tractor … WebHSN Code 8709: Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods; tractors of the type used on railway station platforms; parts of the foregoing vehicles, n.e.s. HS CODE Apply Now Categories Search Frequently Searched:
Tractor makers demand GST rate cut to 18% - The Economic Times
WebMINISTRY OF FINANCE , (Department of Revenue) issued a Notification No.19/2024-Central Tax (Rate) in New Delhi on 18th August, 2024, whereby reducing the rates of various tractor parts from 28% to 18%. List of the items for which rates were reduced are as follows: Please follow and like us: . Post navigation WebThe gst rates for tractors with the HSN code 8701 are 12 percent. The GST rates for tractors (road tractors more than 1800 cc capacity) with the hsn code 8701 are 28 … heroic verse original soundtrack
Q. GST rate and value on sale of Second hand Tractor & Trolley …
WebDec 8, 2024 · The newly implemented indirect tax regime is influencing the agriculture industry and farmers due to the 5 per cent GST rates on agricultural products. It is expected that in the long-term the industry is foreseen to be positive. GST was a long-awaited tax reform since Independence, that was passed by both houses of Parliament including Lok … http://expertspanel.in/index.php?qa=17979&qa_1=second-tractor-trolley-business-registered-person-benefit WebDec 12, 2024 · When asked how goods and services tax (GST) rate hike would impact demand, he said: “I see concern is in two segments. One is the tractor segment, where the current GST is 12 percent and it is being talked about that current 12 percent may become 18 percent or may become 15 percent, that would clearly be a big blow to tractor … heroic victory